Akvod said:
Kasz216 said:
Akvod said:
Kasz216 said:
Most of it seems to be changes that should of been made. With a few changes being puzzling like the afforementioned Jefferson thing.
The economic changes really were mostly needed. Hell most history textbooks still teach us that the New Deal got us out of the Great Depression when 9 out of 10 economists will tell you it prolonged it. As it is now you spend 12 years of your life learning one thing, then once you hit college and take an economics course you learn it's all bunk.
Overall it will probably be a positive with some weird changes.
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I didn't learn that at college... in fact, my professor complained that FDR went half assed with his fiscal policy, and balanced the budget, which resulted in a second recession.
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Which, as we've already covered... is totally wrong compared to pretty most economists. You had a poor teacher that was teaching things contrary to what most economic schools believe.
Monetarists, NeoClassical and New Keynsians all agree that FDR extended the depression.
Only NeoKeynsians disagree and they are a marginal force.
Heck, a good example can be seen by the "second recession" we appear about ready to go through. History repeating and all that.
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But you never answered my question in that thread. Why did FDR extend the "Great Depression"? He caused a second recession, but that was because he took contractionary policies after listening to Classicalist economists.
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It's simple... the "second recession" was really just an extension of the first. It was't because of contractionary polcicies after listening to classical economists.
We're currently about to go through a second recession with no contractionary policies.
It's just the natural outcome of massive government spending to try and "make up the difference". It's why even New Keynsians are against it.
It's a simple matter of goverment plans causing immediate crowding out. The government can't spend forever, and whenever it's stopped, a "second" recession happens which is really just a part of the first.
All government spending does is mask the problem, by hiding it by "defeating" a recession through the numbers.
As soon as the spending stops, no matter when you stop it... (and eventually you do) things drop back down to where it was, until a normal fix can happen.
All government spending does is delay the "normal" fix and delay peoples misery.
